Yodel failed to turn a profit for the eighth consecutive year in its recently closed financial year, and CEO Mike Cooper has admitted its owners regularly give him “a hard time”. The parcel carrier has never managed turned a profit, making a pre-tax loss of £50.4m in its most recently published results, for the year ended 30 June 2016. Asked whether the business had turned things around for the year ended this July, Cooper told MT that while Yodel hadn’t […]
Operators and logistics firms were poorly represented in the 2012 Sunday Times Rich List, published yesterday. The Barclay brothers, Sir David and Sir Frederick, owners of parcel giant Yodel, remain the richest men involved in road transport with a fortune of £2.2bn. Alastair Salvesen and family are second. The former owners of Christian Salvasen, which was sold to Norbert Dentressangle for £254m in 2007, are worth £1.3bn. Also making the list are Dawsongroup owners Peter Dawson and family. The truck […]
Yodel has said it is on target to turn a profit for the first time since it started trading in 2010, following the departure of its chief executive Neil Lloyd.
Arrow XL has spent £500,000 on 19 new double deck trailers for its fleet, which it said will provide greater efficiencies in terms of fleet capacity, fuel economy and environmental footprint.